[Federal Register Volume 75, Number 157 (Monday, August 16, 2010)]
[Notices]
[Page 50039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-20066]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 9, 2010.
    The Department of the Treasury will submit the following public 
information collection requirement to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or 
after the date of publication of this notice. A copy of this submission 
may be obtained by calling the Treasury Department Office Clearance 
Officers listed. Comments regarding these information collections 
should be addressed to the OMB reviewer listed and to the Treasury PRA 
Clearance Officer, Department of the Treasury, 1750 Pennsylvania 
Avenue, NW., Suite 11010, Washington, DC 20220.

DATES: Written comments should be received on or before September 15, 
2010 to be assured of consideration.

Office of Financial Stability (OFS)

    OMB Number: 1505-0223.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Troubled Asset Relief Program--Community Development Capital 
Initiative (CDCI).
    Description: This application will be used to request participation 
in the TARP Community Development Capital Initiative (CDCI). Under the 
CDCI, the U.S. Department of the Treasury may purchase qualifying 
assets from U.S. banking organizations that are certified Community 
Development Financial Institutions (CDFI). Any bank, savings 
association, bank holding company, savings and loan holding company, 
low-income designated credit union, subchapter S corporation, and 
mutual organization is eligible to participate if it is (i) certified 
by the Treasury's CDFI Fund as a CDFI; (ii) regulated by a Federal 
banking or credit union agency; and (iii) organized under the laws of 
the United States. Financial institutions that are controlled by a 
foreign entity will not be eligible.
    Additionally, CDFIs that have participated in and have outstanding 
obligations under the TARP Capital Purchase Program (CPP) may apply to 
request an exchange of securities purchased under CPP by Treasury, for 
securities to be issued to Treasury under the CDCI. Eligibility to 
participate in the CDCI solely for purposes of exchanging outstanding 
obligations under CPP shall occur without regard to whether the 
institution seeks to participate in the CDCI for purposes of receiving 
additional capital. Institutions seeking additional capital under the 
CDCI shall submit a separate application for that purpose.
    Respondents: Private Sector: Businesses or other for-profit 
institutions.
    Estimated Total Reporting Burden: 400 hours.
    OFS Clearance Officer: Daniel Abramowitz, OFS, 1801 L Street, NW., 
Washington, DC 20036; (202) 927-9645.
    OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New 
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2010-20066 Filed 8-13-10; 8:45 am]
BILLING CODE 4810-25-P